Military Aircrafts Market to Grow by USD 22.77 Bn, Airbus SE and Aviation Industry Corp. of China Ltd. Among Key Vendors - Technavio

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Oct 31, 2022, 13:00 ET

NEW YORK, Oct. 31, 2022 /PRNewswire/ -- The global military aircraft market size is set to grow by USD 22.77 billion from 2021 to 2026, according to Technavio. However, the growth momentum of the market will decelerate at a CAGR of 4.3% during the forecast period. The global military aircraft market is highly competitive, and vendors are competing based on cost, product quality, reliability, and aftermarket service.

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Technavio has announced its latest market research report titled Global Military Aircrafts Market 2022-2026

Major Military Aircraft Companies and their Offerings

Airbus SE, Aviation Industry Corp. of China Ltd., BAE Systems Plc, Dassault Aviation Group, Elbit Systems Ltd., Embraer SA, Hindustan Aeronautics Ltd., KOREA AEROSPACE INDUSTRIES LTD., Leonardo Spa, Lockheed Martin Corp., Mitsubishi Heavy Industries Ltd., Northrop Grumman Corp., Pilatus Aircraft Ltd., Piper Aircraft Inc., Raytheon Technologies Corp., Rostec, Saab AB, Textron Inc., The Boeing Co., United Aircraft Corp., among others, are the major players in the market. The key offerings of some of these vendors are listed below:

Airbus SE - The company offers military aircraft such as A400M, A330 MRTT, and C295.
Aviation Industry Corp. of China Ltd. - The company offers high-performance and multi-purpose fighter jets such as FC-1, FC-20, and F-8T.
BAE Systems Plc - The company offers military aircraft named F-35 Lightning II.
Hindustan Aeronautics Ltd - The company offers military aircraft such as LCA, SU-30 MKI, and IJT.
Lockheed Martin Corp. - The company offers military aircraft such as the F-16 Fighting Falcon and F-35 Lightning II.

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Key Market Drivers

One of the key factors driving growth in the military aircraft market is the incorporation of new technologies in aircraft. The development of next-generation products is increasing the demand for aircraft modernization. Technavio expects the emergence of high-performance production platforms to influence the heavy maintenance visit (HMV) value chain considerably. Advanced Aircraft Condition Monitoring Systems (ACMS) monitor the functioning of various systems onboard. The use of ACMS in aircraft is increasing continuously because of their wide range of applications, such as calculating fuel mileage performance and control of equipment and onboard systems. As new technologies continue to enter this landscape, demand for their incorporation into aircraft is increasing among customers. This is augmenting the market growth and will continue to do so during the forecast period.

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Military Aircrafts Market Type Outlook (Revenue, USD bn, 2021-2026)

Fixed-wing - size and forecast 2021-2026
Rotorcraft - size and forecast 2021-2026

Military Aircrafts Market Geography Outlook (Revenue, USD bn, 2021-2026)

APAC - size and forecast 2021-2026
North America - size and forecast 2021-2026
Europe - size and forecast 2021-2026
Middle East and Africa - size and forecast 2021-2026
South America - size and forecast 2021-2026

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Revenue-generating Type Segment

The fixed-wing segment will be the largest contributor to market growth during the forecast period. In 2021, rotorcraft accounted for the major share of the global military aircraft market, and it is expected to grow at a significant rate during the forecast period. These types of aircraft are used for short-distance purposes, such as transport, rescue, and travel. The rise in the procurement of helicopters is expected to increase the demand for rotorcraft, thereby driving the growth of the market segment.

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Military Aircrafts Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 4.3%
Market growth 2022-2026	USD 22.77 billion
Market structure	Fragmented
YoY growth (%)	5.1
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 35%
Key consumer countries	US, Russia, China, India, and South Korea
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Airbus SE, Aviation Industry Corp. of China Ltd., BAE Systems Plc, Dassault Aviation Group, Elbit Systems Ltd., Embraer SA, Hindustan Aeronautics Ltd., KOREA AEROSPACE INDUSTRIES LTD., Leonardo Spa, Lockheed Martin Corp., Mitsubishi Heavy Industries Ltd., Northrop Grumman Corp., Pilatus Aircraft Ltd., Piper Aircraft Inc., Raytheon Technologies Corp., Rostec, Saab AB, Textron Inc., The Boeing Co., and United Aircraft Corp.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market Overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market Definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

5.1 Market segments

Exhibit 24: Chart on Type - Market share 2021-2026 (%)
Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

5.2 Comparison by Type

Exhibit 26: Chart on Comparison by Type
Exhibit 27: Data Table on Comparison by Type

5.3 Fixed-wing - Market size and forecast 2021-2026

Exhibit 28: Chart on Fixed-wing - Market size and forecast 2021-2026 ($ billion)
Exhibit 29: Data Table on Fixed-wing - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Chart on Fixed-wing - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Fixed-wing - Year-over-year growth 2021-2026 (%)

5.4 Rotorcraft - Market size and forecast 2021-2026

Exhibit 32: Chart on Rotorcraft - Market size and forecast 2021-2026 ($ billion)
Exhibit 33: Data Table on Rotorcraft - Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Chart on Rotorcraft - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Rotorcraft - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Type

Exhibit 36: Market opportunity by Type ($ billion)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026

Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026

Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026

Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 Russia - Market size and forecast 2021-2026

Exhibit 66: Chart on Russia - Market size and forecast 2021-2026 ($ billion)
Exhibit 67: Data Table on Russia - Market size and forecast 2021-2026 ($ billion)
Exhibit 68: Chart on Russia - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Russia - Year-over-year growth 2021-2026 (%)

7.10 China - Market size and forecast 2021-2026

Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

7.11 India - Market size and forecast 2021-2026

Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ billion)
Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ billion)
Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)

7.12 South Korea - Market size and forecast 2021-2026

Exhibit 78: Chart on South Korea - Market size and forecast 2021-2026 ($ billion)
Exhibit 79: Data Table on South Korea - Market size and forecast 2021-2026 ($ billion)
Exhibit 80: Chart on South Korea - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 85: Overview on factors of disruption

9.4 Industry risks

Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 87: Vendors covered

10.2 Market positioning of vendors

Exhibit 88: Matrix on vendor position and classification

10.3 Airbus SE

Exhibit 89: Airbus SE - Overview
Exhibit 90: Airbus SE - Business segments
Exhibit 91: Airbus SE - Key news
Exhibit 92: Airbus SE - Key offerings
Exhibit 93: Airbus SE - Segment focus

10.4 Aviation Industry Corp. of China Ltd.

Exhibit 94: Aviation Industry Corp. of China Ltd. - Overview
Exhibit 95: Aviation Industry Corp. of China Ltd. - Product / Service
Exhibit 96: Aviation Industry Corp. of China Ltd. - Key offerings

10.5 BAE Systems Plc

Exhibit 97: BAE Systems Plc - Overview
Exhibit 98: BAE Systems Plc - Business segments
Exhibit 99: BAE Systems Plc - Key offerings
Exhibit 100: BAE Systems Plc - Segment focus

10.6 Hindustan Aeronautics Ltd.

Exhibit 101: Hindustan Aeronautics Ltd. - Overview
Exhibit 102: Hindustan Aeronautics Ltd. - Product / Service
Exhibit 103: Hindustan Aeronautics Ltd. - Key offerings

10.7 Lockheed Martin Corp.

Exhibit 104: Lockheed Martin Corp. - Overview
Exhibit 105: Lockheed Martin Corp. - Business segments
Exhibit 106: Lockheed Martin Corp. - Key news
Exhibit 107: Lockheed Martin Corp. - Key offerings
Exhibit 108: Lockheed Martin Corp. - Segment focus

10.8 Northrop Grumman Corp.

Exhibit 109: Northrop Grumman Corp. - Overview
Exhibit 110: Northrop Grumman Corp. - Business segments
Exhibit 111: Northrop Grumman Corp. - Key news
Exhibit 112: Northrop Grumman Corp. - Key offerings
Exhibit 113: Northrop Grumman Corp. - Segment focus

10.9 Raytheon Technologies Corp.

Exhibit 114: Raytheon Technologies Corp. - Overview
Exhibit 115: Raytheon Technologies Corp. - Business segments
Exhibit 116: Raytheon Technologies Corp. - Key news
Exhibit 117: Raytheon Technologies Corp. - Key offerings
Exhibit 118: Raytheon Technologies Corp. - Segment focus

10.10 Saab AB

Exhibit 119: Saab AB - Overview
Exhibit 120: Saab AB - Business segments
Exhibit 121: Saab AB - Key news
Exhibit 122: Saab AB - Key offerings
Exhibit 123: Saab AB - Segment focus

10.11 Textron Inc.

Exhibit 124: Textron Inc. - Overview
Exhibit 125: Textron Inc. - Business segments
Exhibit 126: Textron Inc. - Key news
Exhibit 127: Textron Inc. - Key offerings
Exhibit 128: Textron Inc. - Segment focus

10.12 The Boeing Co.

Exhibit 129: The Boeing Co. - Overview
Exhibit 130: The Boeing Co. - Business segments
Exhibit 131: The Boeing Co. - Key news
Exhibit 132: The Boeing Co. - Key offerings
Exhibit 133: The Boeing Co. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 134: Inclusions checklist
Exhibit 135: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 136: Currency conversion rates for US$

11.4 Research methodology

Exhibit 137: Research methodology
Exhibit 138: Validation techniques employed for market sizing
Exhibit 139: Information sources

11.5 List of abbreviations

Exhibit 140: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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